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Metersbonwe'S New Strategy Without Taking The Unusual Road

2010/6/29 18:27:00 75

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Planning and process are the foundation of success. Execution and flexibility are the key to success. Zhou Chengjian ME&CITY flagship store in Huaihailu Road has been rebuilt for several months, and the original store pattern has been adjusted.

"In 2009 and the first half of this year, the cost of ME&CITY is too high, and the company will make amendments to this year's development strategy. We must postpone the long term investment, and we can't just ignore tomorrow." Zhou Chengjian, chairman of the American Apparel Company, in his office in Shanghai, told the securities times writer the plan for the company to adjust its present and future development strategies.

In the past 3 years,

Smith Barney

The pace of clothing can be described as "no ordinary road".

In 2008, the financial crisis swept the world. Under the background of the domestic and international garment industry, A was successfully landed in the A-share market, and 1 billion 400 million development funds were obtained during the severe economic cold winter period.

From 2009 to the first half of this year, the US brand multi brand strategy was officially launched. After the launch of ME&CITY, its performance was lower than market expectations due to expenses and other reasons. Net profit fell 90% in the first quarter of this year.

For the United States not to take the unusual way of clothing, the next way to go? I have in-depth exchanges with Zhou Chengjian.

From a United States to two states

"The past year has been very profound."

Zhou Chengjian told the author that in the process of making a US barrack dress into two American Apparel (including the two brand categories of American and ME&CITY), the overall performance of this year's overall performance can be achieved through the groping and tossing in 2008 and 2009.

In 2008, the day of the American Board landing on the small and medium-sized board, the ME&CITY brand conference was held in Shenzhen.

"I would rather be a turtle in the right direction than a rabbit in a wrong direction."

After more than ten years of entrepreneurship, Zhou Chengjian took the first step in the strategy of double brands.

According to the introduction, ME&CITY is stripped from the city series of the Meters/bonwe brand, and has gradually developed the four major product structures of urban fashion series, urban leisure series, business series and children's wear series.

From a large brand of two product lines to a series of two major brands, the United States of America clothing this step is not easy.

"The performance in the first half of this year is not particularly satisfactory, mainly due to the large amount of investment in the early ME&CITY, coupled with labor shortage, which has led to delays in the delivery of suppliers."

Zhou Chengjian stressed that the company is now taking various measures to make up and adjust. It is expected that the situation will improve after autumn, and it is expected that there will be a good pcript throughout the year.

In the clothing industry, the emergence of a new brand usually takes 3-5 years to mature.

Zhou Chengjian tried to break the deadline.

"New brands generally require two to three quarter products to test the water. With their years of experience, Smith Barney hopes to finalize the pattern with a quarter and a half of products.

I believe that the development space of ME&CITY will be no less than that of Meters/bonwe, although the future development of Meters/bonwe brand is still very big. "

According to him, ME&CITY has gradually found the direction in running in with the market. From the beginning of this summer, the richness of products will be greatly improved. "The change will be very obvious, and it is expected that the year-on-year sales will increase by more than 30% over the same year."

In 2009, the rapid expansion of the United States direct dress camp, direct store growth of 27% to 523, an area of about 74% to 270 thousand square meters, revenue grew 61% to 2 billion 300 million yuan.

Among them, ME&CITY2009 almost all developed in the form of direct battalion mode, which attracted the attention of many people in the industry.

Zhou Chengjian's explanation is: "the strategy of the United States direct clothing and joint development has not changed, but it is also normal that ME&CITY2009 did not join the store.

Only when the company builds up the brand of the direct operation system and lets the franchisee see the value, can the interests be driven to join.

Taking the ME&CITY children's clothing series, which is located at the age of 3 to 12 years old, as an example, he emphasized that the product was gradually endorsed by the joining market, and now it signed more than 150 franchisees. It is expected to reach more than 300 this year.

"Children's clothing series authorized franchisee agent will further drive the whole brand of ME&CITY, from the original direct camp to the franchise and direct development, and now many franchisees require the company to also authorize the adult wear series."

In the clothing industry, the emergence of a new brand usually takes 3-5 years to mature.

Zhou Chengjian tried to break the deadline.

"New brands generally require two to three quarter products to test the water. With their years of experience, Smith Barney hopes to finalize the pattern with a quarter and a half of products.

I believe that the development space of ME&CITY will be no less than that of Meters/bonwe, although the future development of Meters/bonwe brand is still very big. "

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Among them, ME&CITY2009 almost all developed in the form of direct battalion mode, which attracted the attention of many people in the industry.

Zhou Chengjian's explanation is: "the strategy of the United States direct clothing and joint development has not changed, but it is also normal that ME&CITY2009 did not join the store.

Only when the company builds up the brand of the direct operation system and lets the franchisee see the value, can the interests be driven to join.

He targeted ME&CITY at the age of 3 to 12.

Children's wear

For example, the series emphasizes that the product has been gradually endorsed by the market and is currently signed by more than 150 franchisees. It is expected to reach more than 300 this year.

In the clothing industry, the emergence of a new brand usually takes 3-5 years to mature.

Zhou Chengjian tried to break the deadline.

"New brands generally require two to three quarter products to test the water. With their years of experience, Smith Barney hopes to finalize the pattern with a quarter and a half of products.

I believe that the development space of ME&CITY will be no less than that of Meters/bonwe, although the future development of Meters/bonwe brand is still very big. "

In 2009, the US barrack dress camp expanded rapidly.

be run directly by a manufacturer

Stores grew by 27% to 523, with an area of about 74% to 270 thousand square meters, and revenue grew by 61% to 2 billion 300 million yuan.

Among them, ME&CITY2009 almost all developed in the form of direct battalion mode, which attracted the attention of many people in the industry.

Zhou Chengjian's explanation is: "the strategy of the United States direct clothing and joint development has not changed, but it is also normal that ME&CITY2009 did not join the store.

Only when the company builds up the brand of the direct operation system and lets the franchisee see the value, can the interests be driven to join.